Coca-Cola Co [NYSE: KO] loss -0.50% or -0.35 points to close at $70.17 with a heavy trading volume of 12466336 shares.
The daily chart for KO points out that the company has recorded 17.91% gains over the past six months.
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If we look at the average trading volume of 13.76M shares, KO reached to a volume of 12466336 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Coca-Cola Co [KO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KO shares is $73.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KO stock is a recommendation set at 1.81. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Exane BNP Paribas have made an estimate for Coca-Cola Co shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 24, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $67 to $68. The new note on the price target was released on January 17, 2024, representing the official price target for Coca-Cola Co stock. Previously, the target price had yet another raise to $64, while Jefferies analysts kept a Hold rating on KO stock. On July 14, 2023, analysts decreased their price target for KO shares from 68 to 67.
The Average True Range (ATR) for Coca-Cola Co is set at 0.95, with the Price to Sales ratio for KO stock in the period of the last 12 months amounting to 6.51. The Price to Book ratio for the last quarter was 11.70, with the Price to Cash per share for the same quarter was set at 4.41. Price to Free Cash Flow for KO in the course of the last twelve months was 33.40 with Quick ratio for the last quarter at 0.92.
Trading performance analysis for KO stock
Coca-Cola Co [KO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.26. With this latest performance, KO shares dropped by -1.41% in over the last four-week period, additionally plugging by 17.91% over the last 6 months – not to mention a rise of 27.49% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KO stock in for the last two-week period is set at 42.48, with the RSI for the last a single of trading hit 33.43, and the three-weeks RSI is set at 48.39 for Coca-Cola Co [KO]. The present Moving Average for the last 50 days of trading for this stock 70.24, while it was recorded at 71.05 for the last single week of trading, and 63.49 for the last 200 days.
Coca-Cola Co [KO]: A deeper dive into fundamental analysis
Coca-Cola Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.92 and a Current Ratio set at 1.08.
Coca-Cola Co [KO]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Coca-Cola Co go to 5.65%.
An analysis of Institutional ownership at Coca-Cola Co [KO]
There are presently around $64.00%, or 71.07%% of KO stock, in the hands of institutional investors. The top three institutional holders of KO stocks are: BERKSHIRE HATHAWAY INC with ownership of 400.0 million shares, which is approximately 9.2807%. VANGUARD GROUP INC, holding 370.7 million shares of the stock with an approximate value of $$23.6 billion in KO stocks shares; and VANGUARD GROUP INC, currently with $$19.73 billion in KO stock with ownership which is approximately 7.1902%.
